New Brunswick

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Thu
10
May

Moncton's Organigram invests $3.8-Million in German cannabis company

MONCTON – Medical marijuana producer Organigram Holdings is making it first foray into the international cannabis market, buying a 25 per cent stake in the German company Alpha-Cannabis Germany (ACG).

The company will spend approximately $2.5-million in cash and $1.3-million in shares for the stake. Once the deal is finalized, Organigram will provide Alpha-Cannabis with dried cannabis flower and sweet leaf to be converted into extracts meant to supply the German medical cannabis market.

Wed
02
May

Nova Scotia says liquor corporation will open three additional marijuana outlets

Three months after announcing just nine outlets would sell legal marijuana in Nova Scotia, the province says three more outlets will be added by the fall.

Stores in Bridgewater, New Minas, and Antigonish will open as required renovations are completed — adding outlets in areas left out in the first round.

Finance Minister Karen Casey said the Nova Scotia Liquor Corporation (NSLC) has been working since the original announcement on Jan. 30 to “identify additional locations that could be renovated for cannabis sales.”

She said the first nine were chosen because they had available space previously used by bottle-your-own-wine operations. But the government felt there were some “gaps in the map,” particularly in the province’s southwest.

Thu
26
Apr

OrganiGram is cheap compared to its pot peers, Canaccord Genuity says

With one of the lowest valuations among its cannabis peers, Moncton, New Brunswick’s OrganiGram Holdings (TSXV:OGI) should be a good pick up, says Matt Bottomley, analyst for Canaccord Genuity, who on Tuesday reiterated his “Speculative Buy” recommendation and $5.50 price target. On Tuesday, OrganiGram released its financial results for the three- and six-month periods ended February 28, 2018, posting gross sales of $3.2 million, an increase of 123 per cent over its fiscal second quarter of 2017.

Thu
26
Apr

Quebec wants to clarify its right to prevent home cultivation of cannabis

The Quebec government is calling on the Senate to amend the federal bill to legalize cannabis for recreational use to make it clear that provinces have the right to forbid home cultivation.

Quebec’s Minister Responsible for Canadian Relations, Jean-Marc Fournier, told a Senate committee Wednesday that his government wants all legal cannabis to be grown by federally licensed producers, at least in the initial stages of legalization.

Fri
20
Apr

Guide to legalization predicts home-grown pot will be biggest municipal headache

Municipalities will have to grapple with a host of thorny issues once recreational cannabis is legalized in Canada — but it's the matter of home-grown marijuana plants that's expected to cause them the biggest headaches.

The Federation of Canadian Municipalities has developed a guide to legalization, released Monday, to help identify the challenges and regulatory options for dealing with them that municipal governments across the country will face once the prohibition on cannabis use is lifted later this year.

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Fri
20
Apr

Supreme Court's free-the-beer ruling sparks fears of cannabis trade restrictions

'What this ruling really is, is a missed opportunity to liberalize trade,' Calgary economist says

A Supreme Court of Canada ruling on interprovincial beer imports has sparked fears that provinces and territories will be free to impose restrictions on cannabis flowing over their borders at a time the industry is in its early stages of growth.

In its ruling on the so-called free-the-beer case, the top court said provinces and territories can restrict imports of goods, as long as their intent isn't to impede trade.

Despite that proviso, economists said there is enough wiggle room in the decision allowing provinces to impose restrictions on the legal trade of cannabis.

It has at least one local pot company worried.

Wed
28
Jun

New Brunswick Committee on Cannabis Will Hold Public Consultations in July

The legislature’s committee on marijuana legalization and regulation will hold public consultations across the province in July, the government announced Monday.

The committee made up of members of the government and opposition will use the report produced by the working group, which was released last week, as a guide for discussions with the public.

Here’s a list of the dates and locations of the hearings:

Wed
28
Jun

Health Canada Issues Medical Marijuana Cultivation Licence to Delta-Based Zenabis

Annacis Island will soon be home to much more than industrial sites and wastewater treatment plants. 

Zenabis West is the second company in the Lower Mainland to be issued a cultivation licence by Health Canada to produce medical cannabis, and will soon open its facility in the industrial area along the Fraser River.

The company, operated by International Herbs Medical Marijuana Ltd. (IHMML), has spent three years preparing, and is one of few in the country to be issued a licence on its first pre-licence inspection, according to a news release published earlier today.

Thu
22
Jun

NB to set legal marijuana age at 19, sale through crown corporation

An interim report released on Wednesday has outlined what the legalization of marijuana might look like in New Brunswick.

Recommendations include a minimum age of 19 to buy and possess marijuana, regulating and selling cannabis through a crown corporation and a personal possession limit of 30 grams.

“Your government is working to ensure a successful approach to the legalization of recreational cannabis by prioritizing public health and safety concerns while maximizing the economic opportunities presented by this emerging sector,” said Health Minister Victor Boudreau in a press release.

Tue
09
May

How Knalysis Technologies Plans to Improve Medical Marijuana Treatment

A company out of New Brunswick plans to improve the outcomes of medical marijuana treatments with its new mobile app. 

Knalysis Technologies creates software that links physicians, providers and patients, offering a global approach to reporting, monitoring and care. This month, the company is releasing its Wellness Tracker App to the public. The app helps patients and their physicians track their use to find out which exact strain of cannabis treats their specific symptoms.

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